Strengthening monopoly
- Strengthening monopolies
Description
Strengthening monopoly involves consolidating control over a market or resource by a single entity through actions such as acquiring competitors, securing exclusive rights, or leveraging regulatory advantages. The essential intent is to eliminate competition, maximize market share, and increase pricing power. This strategy remedies issues of market fragmentation and inefficiency for the monopolist, but often leads to reduced consumer choice, higher prices, and barriers to entry for new competitors, necessitating regulatory oversight to mitigate negative impacts.
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Problem
Value
SDG
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
Commerce » Conditions of trade
Content quality
Yet to rate
Language
English
1A4N
J5218
DOCID
12052180
D7NID
206121
Editing link
Official link
Last update
Dec 3, 2024